§ 701. — 701. (Added by Stats. 2011, Ch. 243, Sec. 2.)

California § 701.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.: DIVISION 1. FINANCIAL INSTITUTIONS
• Ch. 7.: CHAPTER 7. Liquidation and Conservation
• Art. 5.: ARTICLE 5. Disposal of Unclaimed Trust Property

Text

Upon the delivery of any money to the Treasurer or upon the delivery of any property to the Controller, a certified copy of the order of the court approving the delivery shall be given to the Controller, and upon the delivery of any money to the Treasurer a notice giving the amount delivered shall be filed with the Controller. Upon the receipt of any money or other properties, the Treasurer or the Controller, as the case may be, shall issue a receipt for the same and the receipt shall be
deemed a voucher in favor of the licensee to the same extent as though executed by the beneficiary or other person entitled thereto.

Legislative History

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.